Am max kaiser this is the kaiser report yeah everybodys gaslighting everybody corporations are gaslighting here Central Banks are gaslighting you hear understand what gaslighting is you know that its not pleasant its rude its downright rude. Yeah you know how everybody gets triggered at the slightest slight at the slightest bad word on twitter people get triggered and you must be platform to kick it out of your job like this this notion of hiding bad things like the the Business Cycle goes up and then it goes down we dont like down anymore so weve tried to banish it and make it disappear the same thing with much of our all the chemicals and efficiency you know all the corn we produce based on efficiency and by removing all the protein from it theres all these costs that add up in the end but we just pretend not to look at it we just look at the Positive Side right dont be such a negative downer look at all the corn we have because of our efficiency gains were so efficient where the bes
Trying to hide the costs of all of what we produce cry all these bad Business Cycles that naturally happen we go down we decline people become inefficient and this creates efficiency and capitalism but we dont want this to happen anymore because we dont want the feds friends to suffer so weve had this situation where the fed keeps on building up its Balance Sheet but also trying to encourage participants in the economy to imbibe and ingest and eat essentially all that bad debt so here is proof of this in terms of the junk bond market what the fed did by basically false advertising what they were doing the fed bought no bond e. T. F. None 0 zilch in august e. T. F. Holdings actually fell pot almost no Corporate Bonds the fed started buying Corporate Bond e. T. F. For the 1st time ever in may and Corporate Bonds for the 1st time ever in june these programs have been ballyhooed with enormous fan fare in the meat. That the fed would look up a special purpose vehicles with 750000000000. 00
So efficient where the best producers the scene with our plastics we produce all these plastics because we have a giant you know oil and gas industry globally and well you know what theyre making a lot of profit from making plastics were going to get to the plastics that but i 1st i want to talk about our Financial System so the fact that we just keep on trying to hide the costs of all of what we produce all these bad Business Cycles that naturally happen we go down we decline people become inefficient and this creates efficiency and capitalism but we dont want this to happen anymore because we dont want the feds friends to suffer so weve had this situation where the fed keeps on building up its Balance Sheet but also trying to encourage participants in the economy to imbibe and ingest and eat essentially all that bad debt so here is proof of this in terms of the junk bond market what the fed. Good bye basically false advertising what they were doing the fed bought no bond e. T. F. Non
A lie they said theyre going to buy all this stuff people front run right now theyre saying well actually we just lie if you are gaslighting you. And so i guess thats going to now reverse it will probably reverse were going to go into that where they actually did not step forward and they have not been buying junk bonds despite all their claims publicly you know a lot of things are clean with publicly by special Interest Groups lobbyist groups they create ads slick ads for television to tell you to consume this dangerous product and it makes you feel good and blah blah blah well that seems to be what the fed has done and what theyve with theyre doing is trying to as you say gaslight their gaslighting the population into thinking what is bad is actually good this is good for you youre recycling all this bad debt youre eating the costs youre eating the toxic risk that you thought you know the fed trained you to think that theyre going to buy this toxic waste off of you but in fact theyre
We often talk about volume as a validator. With that big rally were seeing back up. Yeah, volume has been much heavier on the down side, on thursday, friday and saturday excuse me thursday, friday and tuesday, we saw much heavier volume than on days when the market was going up in the prior days, like monday, tuesday, wednesday last week. This happens when you get the blow off the tops, and then the skeptics say im not buying more into this,le vote tends to get a lot lighter. Then with when you start seeing the momentum, you have heavy volume, they want to take profits really fast ahead of the next guy, so today the volume is a bit lighter than on the three days where the selloff was really intense all right bob, thank you very much bob pisani lets talk about big tech leading the market higher, can you trust this bounce . Mark lehman is the ceo of J P Securities mike at jones is chairman of caravelle concepts michael, i begin with you. What do you make of the warnings from druggkenmill